Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1892
Building Area

Property Description

Now vacant, the Property provides an investor the opportunity to transform 487,022 rentable square feet ("RSF") spanning nearly an entire city block that once served as the historic flagship location of Sears, Roebuck and Company. Due to the Property's architectural and historic significance, 401 South State is designated as both a national and Chicago landmark, providing the opportunity for Class L designation, significantly reducing operating expenses and generating a substantial competitive advan-tage. With large, 50,000+ RSF floor plates and nearby access to the largest underground parking system in the United States, the Property caters to a wide variety of users, including large corporate, creative office, medical office and life science occupiers.

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the 100% fee simple interest in 401 South State Street* (“401 South State” or the “Property”). 401 South State is truly a generational opportunity to transform a national landmark utilizing thoughtful, health-conscious design.
Last Updated Date: 18 May 2020
Jeff Bramson
Jeff Bramson
Senior Managing Director, Chicago Office Co-Head
License details
IL-471.009696
Jaime Fink
Jaime Fink
Senior Managing Director, Office Group Leader
License details
IL-471.010204 WI-54163-90 VT-081096202

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Last Updated Date: 18 May 2020

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